"Freddie Mac's net income for the first quarter was $3.6 billion, with net revenues reaching $6.1 billion, largely due to a 10% increase in net interest income to $5.6 billion."
"The company recorded a $320 million benefit for credit reserves, compared to a $280 million provision expense in Q1 2025, reflecting stronger expectations for home-price growth."
"Freddie Mac's single-family business generated $3 billion in net income during the quarter, up 32% year over year, as refinance activity accelerated amid lower mortgage rates."
"Freddie Mac acquired more than twice as many refinance loans as it did a year earlier, helping nearly 100,000 additional households refinance over the past two quarters."
Freddie Mac became the first GSE to use VantageScore 4.0 for securitizing loans. The company reported a net income of $3.6 billion and net revenues of $6.1 billion, driven by a 10% increase in net interest income. A $320 million benefit for credit reserves was noted, reflecting positive home-price growth expectations. Freddie Mac's net worth reached nearly $74 billion, although still below regulatory capital requirements. The single-family business generated $3 billion in net income, with refinance activity contributing significantly to new business volume.
Read at www.housingwire.com
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